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Voluntary carbon market taskforce report targets quality, standardisation

Published 23:58 on January 27, 2021  /  Last updated at 02:28 on January 28, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, Climate Talks, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

High-integrity offsets and standardised over-the-counter contracts should factor into efforts to scale up the voluntary carbon market (VCM), according to a roadmap published Wednesday by UN climate finance envoy Mark Carney’s private-sector taskforce.

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World’s compliance carbon markets increased 19% in value to $279 bln in 2020 -report

Published 22:29 on January 26, 2021  /  Last updated at 23:32 on January 26, 2021  /  Americas, Asia Pacific, Aviation/CORSIA, Canada, China, China's National ETS, China's Offset Market, China's Pilot Markets, EMEA, EU ETS, International, Mexico, New Zealand, Other APAC, South Korea, Switzerland, UK ETS, US  /  No Comments

Global compliance-based carbon markets increased in value by nearly a fifth in 2020 to €229 billion ($279 bln), according to analysts at Refinitiv, flagging a fourth consecutive annual rise and a fivefold jump within three years as the programmes shrugged off the effects of the COVID-19 pandemic.

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*NEW* – VCM Report: Offset prices inch down after bullish start to 2021

Published 00:12 on January 26, 2021  /  Last updated at 16:13 on January 26, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, EMEA, International, Mexico, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Offset prices in the voluntary carbon market (VCM) receded last week despite a positive outlook going forward after new US President Joe Biden (D) issued several climate-related executive orders.

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China takes step towards carbon futures exchange

Published 11:27 on January 25, 2021  /  Last updated at 01:34 on January 26, 2021  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

China has approved the setting up of a futures exchange in Guangzhou, moving closer to a carbon futures market as provincial officials in Guangdong are keen for the bourse to establish itself as an emissions trading hub spanning Hong Kong and Macao.

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QUICK TAKE: Unpacking China’s climate change guidance

Published 14:33 on January 13, 2021  /  Last updated at 14:37 on January 13, 2021  /  China, China's National ETS, China's Offset Market  /  No Comments

China’s environment ministry on Wednesday released a guidance document on climate change and air pollution, which in time could have a significant impact on the status of the national emissions trading scheme.

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Singapore energy trading firm hires ex-Shell offset originator

Published 10:52 on January 12, 2021  /  Last updated at 11:00 on January 12, 2021  /  Asia Pacific, Bavardage, China, China's Offset Market, Other APAC, Voluntary Market  /  No Comments

A Singapore-based energy trading firm has hired a former offset originator with Shell to help build a carbon trading business.

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China expects carbon market trading platform to go live mid-year

Published 08:20 on January 11, 2021  /  Last updated at 01:22 on January 12, 2021  /  China, China's National ETS, China's Offset Market  /  No Comments

Trading in China’s national emissions trading scheme is expected to begin around mid-year, the person in charge of developing the ETS exchange has told local media.

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China adopts ETS trading rules as carbon market gets closer to going live

Published 12:06 on January 5, 2021  /  Last updated at 02:17 on January 6, 2021  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

China on Tuesday published final regulations for its national CO2 emissions trading scheme, meaning the market will be formally in operation from Feb. 1 despite technical issues with the registry and trading platform.

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China releases final 2019-20 carbon market allocation plan

Published 10:58 on December 30, 2020  /  Last updated at 18:30 on December 30, 2020  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

China on Wednesday released the final allocation plan for participants in its national emissions trading scheme, clearing one of the last hurdles left before the market can open.

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China’s power demand growth likely to boost CO2 emissions, despite ETS

Published 12:52 on December 22, 2020  /  Last updated at 22:33 on December 22, 2020  /  China, China's National ETS, China's Offset Market  /  No Comments

China’s biggest grid operator expects the country’s electricity consumption will rise next year, a move likely to result in CO2 output from coal power plants climbing by some 100 Mt, according to analysts.

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